Suppose that someone deposits $5000 in an account that earns 8.0% simple interest. Complete parts (a) and (b) below. *** a. Express the future value in the account as a linear function of time, t. A= 5000+400t (Do not factor.) b. Determine the slope of the function in part (a) and describe what this means. Select the correct choice below and, if necessary, fill in the answer box(es) to complete your choice. (Type integers or decimals.) OA. The slope of the function is OB. The slope of the function is OC. The slope of the function is OD. The slope of the function is The rate of change of the future value per month is $ The rate of change of the present value per month is $ The rate of change of the present value per year is $ The rate of change of the future value per year is $
Suppose that someone deposits $5000 in an account that earns 8.0% simple interest. Complete parts (a) and (b) below. *** a. Express the future value in the account as a linear function of time, t. A= 5000+400t (Do not factor.) b. Determine the slope of the function in part (a) and describe what this means. Select the correct choice below and, if necessary, fill in the answer box(es) to complete your choice. (Type integers or decimals.) OA. The slope of the function is OB. The slope of the function is OC. The slope of the function is OD. The slope of the function is The rate of change of the future value per month is $ The rate of change of the present value per month is $ The rate of change of the present value per year is $ The rate of change of the future value per year is $
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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a
Suppose that someone deposits $5000 in an account that earns 8.0% simple interest. Complete parts (a) and (b)
below.
...
a. Express the future value in the account as a linear function of time, t.
A= 5000+400t
(Do not factor.)
b. Determine the slope of the function in part (a) and describe what this means. Select the correct choice below and,
if necessary, fill in the answer box(es) to complete your choice.
(Type integers or decimals.)
OA. The slope of the function is
B. The slope of the function is
OC. The slope of the function is
OD. The slope of the function is
hp
The rate of change of the future value per month is $
The rate of change of the present value per month is $
The rate of change of the present value per year is $
The rate of change of the future value per year is $
76°F Clear
^
11:40 PM
9/13/2022
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